Hon Hai ranked nation's top enterprise

Hon Hai Precision Industry Co (鴻海精密), the nation's largest electronics exporter, topped the list of the "2006 Top 1,000 Enterprises" survey released yesterday.

The annual study, conducted by the Chinese-language Commonwealth biweekly magazine, ranked local companies in terms of consolidated revenues.

Hon Hai posted consolidated sales of NT$911.8 billion (US$28.72 billion) last year, expanding by 68.3 percent from the previous year. The result marks the first time a private-sector firm has surpassed state-run firms to clinch the top spot.

In the manufacturing sector, state-run Chinese Petroleum Corp (中油) fell to No. 2 at NT$667.8 billion, while Quanta Computer Inc (廣達電腦) was the third with NT$479.2 billion.